Bankia got a 22.4 billion-euro ($27.6 billion) rescue package in 2012 to recover from property-loan losses at the height of Spain’s financial crisis. The government has until the end of 2019 to sell off the 61 percent stake it holds.

So far, it has sold a 7.5 percent stake in 2014 and a 7 percent stake in 2017.

“The FROB may engage in a more accelerated selling process than they have been doing so far with bigger stakes,” Goirigolzarri said on Monday.